E-Magazine

Micro Finance in India Issues and Suggestions

Dr. V. S. Kaveri, Former Faculty, NIBM, Pune.

AVIES PUBLICATION

Historically, micro finance in India can be traced back to Self Help Group - Bank Linkage Program (SBLP) which was started as a pilot project in 1992 by National Bank for Agricultural and Rural Development (NABARD). Later, the SBLP proved to be successful for building financial and technological capabilities in rural India . In the late 1990s, micro finance gained prominence when Reserve Bank of India (RBI) recognized it as a new paradigm with immense potential to grow. Micro finance is known for promoting financial inclusion in the country. (For read more click on magazine)

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